LPL Financial Portfolio holdings
LPL Financial, founded in 1989 through the merger of Linsco and Private Ledger and headquartered in San Diego, California, is the largest independent broker-dealer in the U.S., supporting over 22,000 financial advisors who manage more than $1.4 trillion in advisory and brokerage assets as of late 2024. Serving independent advisors, banks, and credit unions, LPL provides a robust technology platform, research, and back-office support, enabling advisors to offer personalized wealth management, retirement planning, and investment services to clients without proprietary products. The firm, publicly traded since 2010 under CEO Dan Arnold, has grown through acquisitions like Waddell & Reed’s wealth management business in 2021, emphasizing flexibility and advisor autonomy. With additional offices in Fort Mill, South Carolina, and Boston, LPL Financial remains a leader in empowering advisors amid a shifting financial landscape.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Inflation-Protected Securities Index Fund
VTIP
|
+$647M |
| 2 |
Vanguard Russell 1000 Value ETF
VONV
|
+$623M |
| 3 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$530M |
| 4 |
iShares Global Infrastructure ETF
IGF
|
+$434M |
| 5 |
iShares S&P 500 Value ETF
IVE
|
+$329M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$1.08B |
| 2 |
iShares MSCI EAFE Growth ETF
EFG
|
+$347M |
| 3 |
iShares Core S&P US Growth ETF
IUSG
|
+$307M |
| 4 |
iShares US Treasury Bond ETF
GOVT
|
+$229M |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$195M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.41% |
| 2 | Financials | 3.81% |
| 3 | Healthcare | 2.68% |
| 4 | Consumer Discretionary | 2.67% |
| 5 | Industrials | 2.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3476
Cohen & Steers
CNS
$4.31B
| $1.1M | ﹤0.01% |
13,661
-20
| -0.1% | -$1.71K |
|
3477
Plug Power
PLUG
$3.04B
| $1.09M | ﹤0.01% |
811,046
+186,631
| +30% | +$355K |
|
3478
First Financial Bankshares
FFIN
$4.97B
| $1.09M | ﹤0.01% |
30,470
+3,320
| +12% | +$122K |
|
3479
Power Integrations
POWI
$3.57B
| $1.09M | ﹤0.01% |
21,657
+2,950
| +16% | +$177K |
|
|
VRNT
3480
DELISTED
Verint Systems
VRNT
| $1.09M | ﹤0.01% |
61,246
+52,385
| +591% | +$1.25M |
|
3481
BioLife Solutions
BLFS
$1.67B
| $1.09M | ﹤0.01% |
47,833
+2,345
| +5% | +$61.8K |
|
3482
First Trust RiverFront Dynamic Developed International ETF
RFDI
$168M
| $1.09M | ﹤0.01% |
16,425
+326
| +2% | +$21.2K |
|
|
WNS
3483
DELISTED
WNS Holdings
WNS
| $1.09M | ﹤0.01% |
17,740
+3,970
| +29% | +$226K |
|
|
GXDW
3484
Global X Funds Global X Dorsey Wright Thematic ETF
GXDW
$6.3M
| $1.09M | ﹤0.01% |
47,920
+11,891
| +33% | +$286K |
|
3485
DoubleVerify
DV
$2.03B
| $1.09M | ﹤0.01% |
81,498
+50,375
| +162% | +$933K |
|
3486
Hecla Mining
HL
$11.1B
| $1.09M | ﹤0.01% |
195,582
-43,392
| -18% | -$241K |
|
3487
FT Vest US Equity Enhance & Moderate Buffer ETF December
XDEC
$204M
| $1.09M | ﹤0.01% |
29,508
+3,435
| +13% | +$129K |
|
3488
Union Bankshares
UNB
$108M
| $1.08M | ﹤0.01% |
34,461
+722
| +2% | +$22K |
|
3489
Oceaneering
OII
$4.88B
| $1.08M | ﹤0.01% |
49,703
-6,550
| -12% | -$155K |
|
3490
SSR Mining
SSRM
$6.32B
| $1.08M | ﹤0.01% |
108,054
+22,123
| +26% | +$204K |
|
3491
California Water Service
CWT
$3.12B
| $1.08M | ﹤0.01% |
22,359
+819
| +4% | +$37.2K |
|
|
FPI
3492
Farmland Partners
FPI
$433M
| $1.08M | ﹤0.01% |
96,975
-806
| -0.8% | -$9.27K |
|
3493
Humacyte
HUMA
$195M
| $1.08M | ﹤0.01% |
633,982
+103,990
| +20% | +$390K |
|
|
CCC
3494
CCC Intelligent Solutions
CCC
$3.98B
| $1.08M | ﹤0.01% |
119,664
-36,913
| -24% | -$383K |
|
3495
PUT
JPMorgan Chase
JPM
$951B
| $1.08M | ﹤0.01% |
4,400
+2,600
| +144% | +$663K |
|
3496
Dolby
DLB
$5.77B
| $1.08M | ﹤0.01% |
13,437
-12,639
| -48% | -$1.03M |
|
3497
Bank of Marin Bancorp
BMRC
$462M
| $1.08M | ﹤0.01% |
48,779
-651
| -1% | -$15.4K |
|
3498
Tencent Music
TME
$15.5B
| $1.08M | ﹤0.01% |
74,674
+5,135
| +7% | +$64.1K |
|
3499
ProShares Ultra S&P500
SSO
$8.34B
| $1.07M | ﹤0.01% |
25,758
+8,072
| +46% | +$372K |
|
3500
Ecopetrol
EC
$34B
| $1.07M | ﹤0.01% |
102,090
+6,019
| +6% | +$57.5K |
|
Similar funds
LPL Financial's Q1 2025 Portfolio in Review
As of Q1 2025, LPL Financial held 5,580 positions worth $257B, up 4.5% from $246B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
LPL Financial deployed $18.1B of net new capital in Q1 2025, opening 307 new positions and adding to 3,292 existing holdings. Its largest new stake was iShares High Yield Muni Active ETF: 1,729,238 shares worth $85.6M.
By sector, the portfolio is most concentrated in Technology at 7.4% of assets, down from 8.3% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was iShares Core S&P Mid-Cap ETF, an estimated $1.08B trimmed.
- LPL Financial's largest Q1 2025 buy was iShares High Yield Muni Active ETF: 1,729,238 shares worth $85.6M.
- LPL Financial added most to Vanguard Short-Term Inflation-Protected Securities Index Fund in Q1 2025, an estimated $647M increase.
- LPL Financial's biggest Q1 2025 reduction was iShares Core S&P Mid-Cap ETF, cutting an estimated $1.08B.
- LPL Financial fully exited Aspen Technology Inc in Q1 2025, selling an estimated $6.48M.
- LPL Financial's ten largest holdings make up 15% of its $257B portfolio in Q1 2025.
- LPL Financial opened 307 new positions and closed 235 in Q1 2025.
- LPL Financial's portfolio value rose 4.5% quarter-over-quarter to $257B.
Based on LPL Financial's 13F filing for Q1 2025, filed 7 May 2025.